The prices of some pulses went down in November in Yangon’s market due to weak global demand.
The prevailing prices of black gram (urad) and pigeon pea (tur) are not back to record highs owing to weak demand by India. Furthermore, new pigeon pea harvest time is near, driving the price down drastically.
The black gram (Fair Average Quality/RC) hit the highest of K2.9375 million per tonne on 31 October 2023. Similarly, the pigeon pea price peaked at K4,15 million per tonne on 8 September. The prices dropped to K2.845 million per tonne for black gram and K3.25 million per tonne for pigeon peas on 22 November.
Therefore, the figures showed a drop of K90,000 per tonne of black gram and K900,000 per tonne of pigeon pea. Moreover, the green gram prices also decreased to K2,500-2,835 per viss of green gram from the Pakokku area and K3,430 for the Shwe Wah variety.
The chickpea price was also estimated at K5,700-6,000 per viss only on 22 November.
The prices stood at K3,630 per viss of green gram (Shwe Wah), K3,080-3,250 per viss of green gram from the Pakokku area and K5,850-6,100 per viss of chickpea on 25 October.
The green gram price declined in the domestic market as demand from China faltered.
India’s market observers forecast that Myanmar’s pulses yield rate is estimated at 700,000 tonnes for black gram and 400,000 tonnes for pigeon peas.
There is less chance for the price to rise in the domestic market at present. The pulses output of India and its import policy are contributing factors to the pulses price fluctuations in Myanmar, a trader pointed out. — TWA/KK
